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News EssentialsThe Newsroom TopicsCredits and Deductions Under the Inflation Reduction Act of 2022 IRS Resources | IRS ECO Tool Now Accepts Clean Vehicle Returns The Internal Revenue Service (IRS) is excited to announce an enhancement to the IRS Energy Credits Online tool. Clean vehicle dealers and sellers can now cancel, return, and void time of sale reports. Dealers/sellers can void a time of sale report for vehicles not placed in service up to 48 hours after submission. Dealers/sellers can use the new functionality to indicate a clean vehicle was returned by the purchaser after the void period has passed or to indicate the previously submitted time of sale report needs to be cancelled. We encourage you to promptly use the new returns process for time of sale report that was previously submitted in calendar year 2024 that needs to be cancelled or modified.
Reminder: IRS ECO tool should not be used for leased vehicles. If a time of sale report was submitted for a leased vehicle, the report must be cancelled. Dealers and sellers of clean vehicles should ensure that time of sale report submissions or any subsequent void, cancellation, or modification of a time of sale report is accurate. IRS review of time of sale reports, vehicle registration, and other information can result in revocation of a dealer/seller's registration with IRS ECO and/or the potential recapture of advance payments from a dealer when appropriate. Please also ensure you provide the buyer documentation that the previously submitted time-of-sale report has been modified to indicate the vehicle was returned or that the time-of-sale report was cancelled. You should anticipate the VIN for a returned vehicle that was NOT placed in service will typically be available for submission on a new time-of-sale report approximately 2-3 weeks after you submit the return in IRS ECO. In the coming weeks, IRS will provide more information about when dealer/sellers will be able to temporarily submit time-of-sale reports for calendar year 2024 transactions that occurred more than 3 days in the past. When an advance payment needs to be repaid to the IRS due to a cancelled time-of-sale report, invoices from pay.gov are expected to be e-mailed to the e-mail account associated with your Advance Payment registration in December 2024. Failure to timely repay an advance payment may result in a suspension from the Advance Payment program. For more instructions on how to complete the clean vehicle return process, refer to Publication 5867-B Clean Vehicle Return User Guide The IRS is hosting office hours to help clean vehicle dealers and sellers with the CV return process. Representatives from the IRS will present a brief overview of the return process and discuss the new Secure Messaging feature. Registration for office hours is now open. Registration for each session is limited to 500 participants. You can register by clicking on the link below.
Questions and Help: More information is available at IRS.gov/CleanVehicles. Dealers and sellers who have difficulty and need assistance should use the secure messaging feature in IRS ECO.
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